India Economy: Best of the Broken Brics

The Brics have all fallen down, but the slow rebuilding has begun at only one of them—India. Yet for investors, this rejuvenation might not happen as fast as they seem to expect.

Among the members of this much-ballyhooed band of emerging economies, Brazil, Russia, China and South Africa are all slowing down, diseased by relying too much on debt or commodity exports. In contrast, a year after facing crisis, India is starting to...